Home insurance is becoming a brutal line item
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6,000 a year: that’s what one person said their home insurance bill was, and it’s the kind of number that makes a mortgage feel like a second job.
Home insurance is becoming a brutal line item
One person said they were stunned to learn a family member’s home insurance was 6k plus a year, and the same pack says the situation is hitting fire prone areas in western states too. It also says people have had their insurance cancelled just because areas that were not even close have burned, and some people can’t even get insurance and lose their mortgage.
Gobble's Take: When coverage gets this expensive or vanishes altogether, the policy problem is the housing problem.
Source: Substack
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